Coventry Building Society New Mortgage Deals
Coventry Building Society which has been operating since 1884 has added to its mortgage range launching of a number of new mortgage products.
Capped tracker and fixed-rate options have been added to their range with interest rates starting at 1.99 per cent, some borrowers could take advantage of no arrangement fees or early repayment charges, buy-to-let mortgages are included as well as residential mortgages.
If you are able to put a 40% deposit down you can get a deal where the mortgage tracks 1.99 percentage points above the (BOE) Bank of England base rate which is capped at 4.39 per cent until June 2013.
Tracker:
4.3% interest – 80% LTV
1.99% tracker capped at 4.39% – 60% LTV
Offset Mortgages:
1.79% Bank Base Rate (BBR) Tracker – 65% LTV
1.99% BBR Tracker at 75% LTV
2.09% BBR Tracker at 65% LTV – No arrangement fee
2.39% BBR tracker at 75 per cent LTV.
Buy-to-Let Mortgages
4.75% flexx – 65% LTV – No early repayment charges (ERCs)- No arrangement fee.
Mortgages are fixed until 30th June 2013 apparently except “flexx for term” mortgage, that can be fixed at 4.25% with 65% LTV, no early repayment charges and no arrangement fees.